The latest statistics showing the value of R&D tax relief and Patent Box were published by HMRC yesterday. What does an initial look at this year’s numbers tell us?> Read more
Most businesses don’t see the value in applying for a patent and many think that R&D tax credits aren’t relevant to them. But in our experience all types of businesses innovate, all of the time.
Large or small – there’s an R&D tax solution for your company. Deciding which type of R&D tax relief to use is largely dependent on the size of your business. If you are classed as a small or medium sized enterprise then SME R&D tax credits are the best place to start, if you are a larger company then the RDEC scheme is probably the better option.
As a new business you are probably creating new products and services to meet unmet demand, filling a gap in the market, or approaching things from a fresh perspective. This could well result in R&D activities and IP that can be commercialised.
As your business grows there are scale up challenges that require you to innovate, and often leading to R&D activities and resulting IP.
In today’s world you may need to innovate just to stand still, technology provides new opportunities, you need to respond to the market or drive efficiencies to cut costs.
As you exit you should be recognise the value of your business through an R&D and IP lens.
GovGrant is easy to talk to and you’ll be surprised by how easy, and valuable the exercise will be for your business.
Roly Holt | Managing Director, R&L Holt
Our experience with GovGrant has been fantastic. Having previously worked with another specialist within the industry, I can honestly say that GovGrant go above and beyond for their clients and the results speak for themselves.
Angus Elphinstone | CEO and Founder, AnyVan Ltd
Identifying exactly what qualifies as R&D is not easy. We’d claimed ourselves twice before, but the experts almost doubled the value of what we received.
Stanley Wilson | CEO, Urban Cottage Industries
GovGrant’s skilled IP professionals have subsequently identified patentable elements around process developments which will ultimately enable us to broaden the scope of revenues that go into our annual Patent Box claim.
RL Hartshorn | Managing Director, HL Plastics Limited
Being able to claim money back from the taxman for work we did to advance our internal manufacturing processes as well as the end customer experience is very welcome.
Andrea Rodney | Managing Director, Hone-All Precision Ltd
GovGrant’s investigative work is impressively thorough and in depth. I would highly recommend them.
Paul Mousley | Project Manager, Quartz Technical Services Ltd
We are so pleased with the GovGrant service that we now introduce companies within our network.
Andrew Maley | Managing Director, Tracware Ltd
…we were able to “relax”, knowing their Analyst’s technical knowledge gave us the best chance for successful IPO patent grant…
Clive Paul | Managing Director, TES Ltd
My words of advice would be; you may think that only scientific or manufacturing type companies qualify for R&D tax credits but that couldn’t be further from the truth.
Martyn Jupp | CEO, Veriserv Ltd
The government is giving a greater boost to the UK’s most innovative companies than ever before, according to the latest statistics.
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